Federal policy fee
Term · Insurance and risk management · MLC-T-INS-000077
A flat charge that the policyholder must pay on each new or renewal policy to defray certain administrative expenses incurred in carrying out the NFIP.
| Identifier | MLC-T-INS-000077 |
|---|---|
| Field | Insurance and risk management |
| Subject | National Flood Insurance Program |
| References | FloodSmart Flood Insurance Glossary; FEMA Glossary |
Record as JSON
{
"id": "MLC-T-INS-000077",
"term": "Federal policy fee",
"field": "Insurance and risk management",
"term_source": "Federal Policy Fee",
"definition": "A flat charge that the policyholder must pay on each new or renewal policy to defray certain administrative expenses incurred in carrying out the NFIP.",
"subject": "National Flood Insurance Program",
"references": [
"FloodSmart Flood Insurance Glossary",
"FEMA Glossary"
],
"url": "https://mlchart.com/terminology/insurance/federal-policy-fee/"
}
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